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The Insurance Regulatory and Development Authority (IRDA) Chairman TS Vijayan called on Andhra Pradesh Chief Minister N Chandrababu Naidu and discussed issues relating to insurance in the agriculture sector and agreed to take up a pilot project for farmers.
The IRDA chief promised to take up a pilot scheme using satellite imagery in Andhra Pradesh for farmers in the State. This follows a request by the Chief Minister.
During the meeting, the issue of improvement and implementation of the cop insurance scheme was emphasised.
According to a statement from the Chief Minister’s Office, Naidu expressed the need to improve crop insurance scheme particularly for small and medium farmers.
While calling upon early release of crop insurance claims, Naidu requested the need for proper assessment of crop conditions using satellite imagery and information technology tools to ensure accurate crop yields
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